Inspector Lestrade Posted October 9, 2020 Share Posted October 9, 2020 Can the financial experts shine a light on this please? Link to comment Share on other sites More sharing options...
akbuk Posted October 9, 2020 Share Posted October 9, 2020 13 minutes ago, Inspector Lestrade said: Can the financial experts shine a light on this please? It's been done to death just take thread down a non story 5 2 Link to comment Share on other sites More sharing options...
Guest Grandad Posted October 9, 2020 Share Posted October 9, 2020 Doesnt seem a lot to borrow Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted October 9, 2020 Author Share Posted October 9, 2020 Just now, Grandad said: Doesnt seem a lot to borrow But is not showing that he's missed a payment of 6m? And he no longer can afford to run the club? Totally in the dark Link to comment Share on other sites More sharing options...
Musn't Grumble Posted October 9, 2020 Share Posted October 9, 2020 As my grandad once said - "Tha's dunt get rich by gee'in it away" 3 Link to comment Share on other sites More sharing options...
lanzaroteowl Posted October 9, 2020 Share Posted October 9, 2020 Always a good maxim in business is to use other people's money. 5 Link to comment Share on other sites More sharing options...
Popular Post vulva Posted October 9, 2020 Popular Post Share Posted October 9, 2020 Wealthy people use other peoples money. That’s how they get wealthy. And the cost of money is very cheap at present. So they will borrow as much as they can. 13 Link to comment Share on other sites More sharing options...
@owlstalk Posted October 9, 2020 Share Posted October 9, 2020 1 minute ago, lanzaroteowl said: Always a good maxim in business is to use other people's money. Is actually doing that though? Or is he just borrowing money that he has to pay back (therefore it's actually his own money) 1 Owlstalk Shop Link to comment Share on other sites More sharing options...
modboy Posted October 9, 2020 Share Posted October 9, 2020 Season ticket refund money? 2 1 Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted October 9, 2020 Author Share Posted October 9, 2020 So no one knows? Are we just throwing in maxims now to make out we know something? Link to comment Share on other sites More sharing options...
Guest Grandad Posted October 9, 2020 Share Posted October 9, 2020 1 minute ago, modboy said: Season ticket refund money? Be nowhere near that much even if 10k St holders have asked for their £100 back - thats only £1m Link to comment Share on other sites More sharing options...
lanzaroteowl Posted October 9, 2020 Share Posted October 9, 2020 Just now, Inspector Lestrade said: So no one knows? Are we just throwing in maxims now to make out we know something? The only person who knows for sure is DC. And he's keeping it close to his chest. Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted October 9, 2020 Author Share Posted October 9, 2020 Just now, lanzaroteowl said: The only person who knows for sure is DC. And he's keeping it close to his chest. Well can't someone make summat up positive, so I can relax? But make it convincing. Link to comment Share on other sites More sharing options...
Ever the pessimist Posted October 9, 2020 Share Posted October 9, 2020 1 minute ago, lanzaroteowl said: The only person who knows for sure is DC. And he's keeping it close to his chest. Which he is obviously entitled to do, although he can't be surprised that rumours then follow. Link to comment Share on other sites More sharing options...
Big Jack Posted October 9, 2020 Share Posted October 9, 2020 Mortgages are cheap way of borrowing money . Guess he is covering the next couple of years with the uncertainty of covid. 1 Link to comment Share on other sites More sharing options...
lanzaroteowl Posted October 9, 2020 Share Posted October 9, 2020 (edited) Just now, Inspector Lestrade said: Well can't someone make summat up positive, so I can relax? But make it convincing. OK I'll give it a go He took the loan out to get around FFP and we now have gazzillions of wonga to splash on top quality players. Premier league here we come hurrah!!!! Edited October 9, 2020 by lanzaroteowl 1 1 Link to comment Share on other sites More sharing options...
royalowlisback Posted October 9, 2020 Share Posted October 9, 2020 It's a Mortgage, he is paying interest on it, if he stops paying the ground is transferred to the Lender, like if you fail to pay your mortgage and the bank takes it. That's how I've read it. Even though money is cheap at the moment, it's not as cheap as using your own. Link to comment Share on other sites More sharing options...
S36 OWL Posted October 9, 2020 Share Posted October 9, 2020 Isn't the borrowed money roughly the same amount as the yearly instalments payable to the club for the ground sale? 2 Link to comment Share on other sites More sharing options...
Guest Grandad Posted October 9, 2020 Share Posted October 9, 2020 Its a Bounceback Loan. Chansiris stuck it on us at 33-1 with Bet365 - meaning we'll have a treasure chest of 221 million to kick off our season next year. This is it boys. This is the big time. HMSPTL is back Link to comment Share on other sites More sharing options...
Guest Grandad Posted October 9, 2020 Share Posted October 9, 2020 Just now, S36 OWL said: Isn't the borrowed money roughly the same amount as the yearly instalments payable to the club for the ground sale? Yes Link to comment Share on other sites More sharing options...
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